Have you ever thought about the day you die? What will you leave for your family, for your loved ones, what they will do after you? Many people worry about whether they will leave enough money behind to pay for everything. Ensuring that your loved ones will not face any unexpected cost, a funeral plan will allow you to take care of your family from beyond the grave. After reading this, a question must be popping in your mind; what is a funeral plan? It is basically a life insurance policy that provides the money to pay the policy holder’s family for all expenses on the day of their demise. In other words, A funeral plans is a way for people aged 50 or over, to cover the cost of a funeral in advance.
A funeral plan can consist of the following costs like cost of a coffin, care of deceased prior to the funeral, removal from place of death to the place of funeral, floral tributes etc. Every person has different likes & dislikes and it is not different when it comes to the funeral. Pre-paid funeral plan It is an easy way to arrange and pay for your funeral in advance, and protect your loved ones against unexpected cost & uncertainty about one’s final wishes.
Benefits of funeral plans A funeral plan is beneficial in the following ways:
It provides you peace of mind. It beats the rising funeral cost. You can plan it the way you want it to be. You can pay in full or in installments. It will save your family from difficult decisions in future. It will follow your final wishes.
There are a few things however that need to be considered while taking a funeral plan such as:
What are the components covered by the plan? Is there any scope of the amendment in the plan; for example, when you were planning it, you planned it with your spouse and now you want some changes and want to do it separately. If you are paying for it in installments, how many months or years will it take for the last EMI and also the amount of the EMI’s.
A funeral plan is needed to plan for your future so that you can enjoy your life at present without any worries about your future. To apply for your funeral plan, visit https://www.funeralinsurancenz.co.nz/